NOT LISTED FOR SALE

Estimated Value: $668,000 - $740,348

Studio
-- Bath
-- Sq Ft
1974 Built

Sale Details

Date Sold: March 15, 2024

Last sale price $750,000

Est. 6% decrease in value since last sale

Current estimated payment $4,062 / mo

75 Days on Market

Highlights

  • Private Pool
  • 4 Car Garage
  • Heating Available
  • Cooling Available

About This Home

As of March 2024

Welcome to this 4-plex located in the highly desirable Northern Lanai community. This building features expansive floorplans, convenient garage parking. Offering ample parking space, generously sized apartment homes, and beautifully landscaped surroundings, this property has consistently delivered reliable rental income. Don't miss out on this excellent investment opportunity—call today to explore your next venture!

Last Agent to Sell the Property

Maisha Fair

Realty ONE Group License #SA585490000 Listed on: 12/08/2023

Co-Listed By

Damario Fair

Realty ONE Group License #SA708934000

Last Buyer's Agent

Jose Gastelum Cota

Real Broker License #SA677694000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,356

Year Built

  • Built in 1974

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Car Garage
  • On-Street Parking

Pool

  • Private Pool

Schools

  • Washington Elementary School

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 19
  • Assessor Parcel Number 150-09-886-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Northern Lanai Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $8,767
  • Net Operating Income $42,048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,356

Year Built

Built in 1974

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 35TH AVENUE & NORTHERN
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4500.0
  • Co List Office Mls Id: reog13
  • Co List Office Phone: 623-552-3773
  • Subdivision Name: NORTHERN LANAI
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Const - Finish:Const - Finish: Painted, Stucco
  • Cooling:Cooling: Electric
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range

Exterior Features

  • Pool Private: Yes
  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition
  • Exterior Amenities: Landscape Water System

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: On Street
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • Parking Features:Parking Features: Garage, On Street

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: Pool

Schools

  • Elementary School: Washington Elementary School
  • High School: Other
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 150-09-886-A

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, See Remarks
  • Number Of Units Total: 4
  • Electric Expense: 101.28
  • Property Net Operating Income: 42048.12
  • Annual Operating Expense: 8767.28
  • Vacancy Allowance Rate: 0.5

Tax Info

  • Tax Annual Amount: 2356.0
  • Tax Book Number: 150.0
  • Tax Lot: 19

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2025
Sold by
Bought by
Current Estimated Value
$701,837

Purchase Details

Listed on
Dec 8, 2023
Closed on
Mar 15, 2024
Sold by
Bought by
Seller's Agent
Maisha Fair
Realty ONE Group
Buyer's Agent
Jose Gastelum Cota
Real Broker
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%
Views
631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.75%
Original Mortgage
$600,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 28, 2019
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2011
Sold by
Bought by

Purchase Details

Closed on
May 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.2%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 15, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$750,000 Landmark Title
-- None Available
$112,100 First American Title Ins Co
$97,920 Accommodation
-- None Available
$410,000 Scottsdale Title Co Llc
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $600,000
Previous Owner $328,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $750,000 -6.3% --
02/23/2024 02/23/24 Pending -- -- --
12/09/2023 12/09/23 For Sale $800,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,494 $19,623
2024 $2,356 $18,689
2023 $2,356 $45,910 $9,180 $36,730
2022 $2,280 $33,070 $6,610 $26,460
2021 $2,309 $31,960 $6,390 $25,570
2020 $2,251 $30,370 $6,070 $24,300
2019 $2,210 $24,560 $4,910 $19,650
2018 $2,152 $22,150 $4,430 $17,720
2017 $2,141 $19,110 $3,820 $15,290
2016 $2,102 $17,500 $3,500 $14,000
2015 $1,947 $17,280 $3,450 $13,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6638923

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-886A

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